About Citadel Broadcasting Corporation

Cumulus Media reigns over an empire of radio stations. The company is the #2 radio station ownership group in the US (behind Clear Channel), with more than 460 owned or operated stations in about 90 markets throughout the country. In many of its markets, Cumulus has built clusters of stations that realize cost savings through shared administrative and sales operations. In addition to its core mid-market stations, Cumulus, through a partnership with a private equity firm Crestview Partners, owns about 30 stations in large markets including Atlanta, Dallas, and San Francisco. Crestview Partners controls about 40% of Cumulus.


The company's radio network serves more than 8,500 affiliates nationwide. Its primary source of revenue is the sale of advertising time to local, regional, and national spots.

Geographic Reach

In addition to its 460 stations, Cumulus owns 50 studio facilities and has corporate offices in Atlanta, New York, and Dallas.

Financial Performance

Cumulus reported revenue of $1.26 billion for fiscal 2014. That was an increase of 23% compared to the prior fiscal period. The company's net income was just $11.76 million in fiscal 2014, a decrease of 93% compared to fiscal 2013. The huge drop in net income was caused largely by lost income from discontinued operations.

Despite the drop in net income the company's cash flow from operations remained strong with $136.8 million in cash on hand at the end of fiscal 2014.


Not surprisingly, the company's plans include improving the performance of its existing stations to generate internal growth. It also intends to continue acquiring broadcast companies and individual stations in larger markets and regional clusters.

Mergers and Acquisitions

During fiscal 2014 Cumulus purchased Country Weekly magazine and its related business for $3 million. Also during that year the company acquired Wise Brother Media, Inc. for $5.5 million.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

Citadel Broadcasting Corporation

3280 Peachtree Rd Ne #2300
Atlanta, GA 30305-2430
Phone: 1 (404) 949-0700
Fax: 1 (702) 804-5936


  • Employer Type: Public
  • Pres-ceo: Lewis W Dickey
  • Executive Vice sales: Michael Pallad
  • Employees: 4,100

Major Office Locations

  • Atlanta, GA

Other Locations

  • Los Angeles, CA
  • Stockton, CA
  • Colorado Springs, CO
  • Boise, ID
  • Bloomington, IL
  • Kokomo, IN
  • Fairhaven, MA
  • Worcester, MA
  • Presque Isle, ME
  • Detroit, MI
  • Saginaw, MI
  • North Conway, NH
  • Albuquerque, NM
  • Reno, NV
  • Buffalo, NY
  • Syracuse, NY
  • Oklahoma City, OK
  • Erie, PA
  • Wilkes Barre, PA
  • Spokane, WA
- Show Less + Show More